Category: Alex Mills

Proved reserves of onshore crude oil and natural gas in the U.S. increased in 2016, according to a report issued this week by the Energy Information Administration (EIA). Crude oil proved reserves increased 3 percent and natural gas rose 5 percent compared to 2015, EIA stated. Proved reserves are estimated volumes of hydrocarbon resources that analysis of geologic and engineering...
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Crude oil, natural gas and the stock market all had a down week last week after more than a year of steady increases. Crude oil prices on the New York Mercantile Exchange (NYMEX) declined 4.5 percent for the week ending Feb. 8 from $64.73 to $61.79. Natural gas dropped about 10 percent from $3.01 to $2.702 during the week. The...
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Just two days after President Trump proclaimed the end of the federal government’s war on energy produced in the U.S., the Department of Energy’s Energy Information Administration announced domestic crude oil production has reached record levels. He also boasted about his aggressive deregulation agenda during his State of the Union address to a joint session of Congress Tuesday. “We have en......
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The natural gas industry received a gold star for performance during the recent cold weather across a large portion of the United States. The Energy Information Administration (EIA) reported recently consumption of natural gas in the residential and commercial sectors set a record for the week ending on Jan. 5. EIA said consumption reached 452 billion cubic feet (Bcf) compared...
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President Trump talks about an “energy renaissance” in the United States. Recent news of increased oil and natural gas exports from the U.S. and production reaching historic levels have caught the attention of other world leaders, too. Fatih Birol, executive director for the International Energy Agency (IEA), told attendees at a conference at the Center for Strategic and International Studies...
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Demand for crude oil and natural gas surged last week, causing price increases for both commodities. Crude oil futures for February delivery on the NYMEX closed on Wednesday at $61.63 per barrel, the highest since June 2015, on news of strong demand created by increases in the economies in the U.S. and Germany, cold weather in the U.S., and political...
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